Definition of “business trust”
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A business trust is a business enterprise structured as a trust. A business trust (“BT”) is a business enterprise structured as a trust....
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- MAS
- Media Releases
Last revised date:
- New York City, 12 April 2016…The Monetary Authority of Singapore (MAS) today announced the inaugural Singapore FinTech Festival, to be held in Singapore from 14 to 18 November 2016. Organised in partnership with the Association of Banks in Singapore (ABS), the week-long Festival – the first of its kind in Asia – will bring together a series of distinct, back-to-back FinTech events. The Festival will provide a platform for collaborations, connections and co-creations within the FinTech ecosystem in
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 10 October 2022...Mr Raj Sriram, former Deputy CEO and Head of Private Banking of BSI Bank Limited, Singapore Branch (BSIS), has been issued a 24-month conditional warning from the Singapore Police Force’s Commercial Affairs Department (CAD) and a 10-year prohibition order (PO) by the Monetary Authority of Singapore (MAS) for his contribution to BSIS’ failure to file suspicious transaction reports (STRs) regarding 1Malaysia Development Berhad (1MDB)-related transactions. 2. CAD investigated
- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $8,000 was imposed on Seriously Keto for failing to put in place reasonable security arrangements to protect the personal data stored in its server. This resulted in the data being subjected to a ransomware attack. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2006-B6449 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Seriously Keto Pte. Ltd. SUMMARY OF THE DECISION 1. On 16
- MAS
- Consultations
Last revised date:
- Response VIEW DOCUMENT Response to Feedback: Amendments to Financial Advisers Act (1.06 MB) Response to Feedback: Amendments to Securities and Futures Act (5.07 MB) Consultation Paper VIEW DOCUMENT Consultation Paper on Amendments to Securities and Futures Act and Financial Advisers Act (36.2 KB) CONSULTATION PAPER 02 - 2003 April 2003 Draft Securities and Futures (Amendment) Bill 2003 -------- C ONSULTATION PAPER ON DRAFT SECURITIES AND FUTURES (AMENDMENT) BILL 2003 APRIL 2003 MAS
- MAS
- Guidelines
Last revised date:
- Guidelines on market conduct and service standards for direct general insurers as product providers of insurance policies. These guidelines apply to all direct general insurers writing personal general insurance products, except marine mutual insurers and financial guarantee insurers. It sets out the standards of conduct expected of direct general insurers as product providers of insurance policies. It also explains the importance of an industry code of practice in enhancing transparency, fair treatment
- MAS
- Monetary Policy Statements
Last revised date:
- 13 April 2012 INTRODUCTION 1 MAS maintained the S$NEER policy band on a modest and gradual appreciation path in the last policy review in October 2011. However, the slope of the policy band was reduced as economic activity was expected to slow, and hence ease the tightness in the labour market and alleviate core inflationary pressures. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER) 2 Over the last six months, the S$NEER was largely in the lower half of the policy band. It weakened in November
- MAS
- Monetary Policy Statements
Last revised date:
- 12 October 2009 INTRODUCTION 1 In April 2009, MAS re-centred the exchange rate policy band downwards to the prevailing level of the S$NEER, while maintaining the zero percent appreciation path which was adopted in October 2008. This decision was made against the backdrop of dissipating inflationary pressures and weak growth prospects for the Singapore economy in the midst of the global financial crisis. Chart 1 Nominal Effective Exchange Rate (S$NEER) 2 Since the last policy review, the S$NEER
- MAS
- Monetary Policy Statements
Last revised date:
- INTRODUCTION 1 Since April 2004, MAS has maintained the policy of a modest and gradual appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band. In October 2007, the policy was tightened through a slight increase in the slope of the band. The gradual appreciation of the S$ exchange rate over the past few years has helped to mitigate inflationary pressures. Chart 1 Nominal Effective Exchange Rate (S$NEER) 2 Since the last policy review, the S$NEER has fluctuated
- MAS
- Media Releases
Last revised date:
- Singapore, 4 June 2019… The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $336,000 on Mr Tham Wai Mun Raphael for insider trading. He had sold shares in Auhua Clean Energy PLC (ACE), a company listed on the Alternative Investment Market of the London Stock Exchange, while in possession of non-public and price-sensitive information concerning the company. 2 Mr Tham, who was the Non-Executive Vice Chairman of ACE, has admitted to contravening the insider trading prohibition
- MAS
- Media Releases
Last revised date:
- Singapore, 11 July 2023… The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) today announced the call for nominations for the 2023 Singapore FinTech Festival (SFF) Global FinTech Awards (the Awards). In its eighth year, the Awards, supported by PwC Singapore, seek to recognise innovative FinTech solutions by corporates FinTech companies, financial institutions and technology companies and individuals which have been instrumental in transforming FinTech industry practices